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N9600 M64
Marenisco, MI 49947

$2,143,000 USD

Hotel For Sale  •  8,364 SF

Property Details

  • Property Type Hotel
  • Total Building Size 8,364 SF
  • Lot Size 8.36 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 11.00 %
0 Transit Score
8 Walk Score

Highlights

11% cap rate: Profitable year-round resort and marine business on 8.36 acres of land
Variety of lodging accommodations and amenities nestled in the heart of the natural beauty of the Upper Peninsula of Michigan
Well-known restaurant and lounge onsite with banquet/meeting facilities accommodating up to 250 people
Two protected harbors and a full-service marina with gas and boat rentals, featuring 1,180 feet of shoreline along Lake Gogebic
The sale also includes a marine and storage business. Additionally available, but not included in the sale price, are 35 acres of development land
Located on Lake Gogebic, recognized as a major fishery with over 38 miles of beautiful shoreline

Property Flyers

Cap Rate: 11.00 %

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Marina
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Frank Jermusek 612-385-5546 SVN | Northco Real Estate
Frank Jermusek 612-385-5546 SVN | Northco Real Estate